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Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report shows an overall reduction in depreciation for both car and truck segments after several weeks of accelerated price changes. Read this week’s report to see which vehicle segments retained their values the best.
“Depreciation slowed a little last week after four weeks of steeper declines. However, auction reports continue to show spotty demand and higher no-sales,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.
· Volume-weighted, overall car values decreased by 0.53% last week. This is lower than the average depreciation rate of 0.75% seen in the previous four weeks.
· In car segments, Prestige Luxury Car, Sub-Compact Car and Full-Size Car segments declined the most, dropping by 1.03%, 0.76% and 0.75%, respectively.
· Volume-weighted, overall truck values decreased by 0.58% last week. This is lower than the average depreciation rate of 0.61% seen in the previous four weeks.
· In truck segments, Sub-Compact Crossover/SUV and Sub-Compact Luxury Crossover segments declined the most, dropping by 1.96% and 1.66%, respectively.
November Specialty Report
Collectibles: There were several prominent auctions held within the past few weeks, each one specializing in something different…Classics, muscle cars, exotics, or customs, October had something for everybody.
Recreational Vehicles: If you were a seller, this was a historically good month. The average selling price for towables hit an all-time high, and motorized units equaled a number not seen since October 2010.
Powersports: The Powersports market has leveled off this month, after two straight months of substantial declines in value.
Heavy-Duty: Dump Trucks and other Construction/Vocational Trucks make a strong case for maintaining a good mix of used truck inventory.
Medium-Duty: Once again, both groups of trucks in the Medium Duty wholesale market had a very similar rate of decline this past month as to the previous month. This past month, the 2006-2013 model years came down on average $261, or 1.3%.